02 Jun 2019

Rockport Benefits Joins ELMC Risk Solutions Strengthening its Product Portfolio in the Stop Loss Market

MyHealthGuide Source: ELMC Risk Solutions, LLC, (“ELMC”), 6/1/2019
New York, NY— ELMC Risk Solutions, LLC, (“ELMC”) is pleased to announce to announce that Rockport Benefits, LLC of Beverly, Massachusetts, has joined the EMLC family of companies. The acquisition of this highly respected, service-driven Managing General Underwriting complements ELMC’S strategic plan to expand our company through a thoughtful and creative approach. We aim to deliver state of the art outcomes by leveraging our combined experience, portfolio of companies including IOA Re, RxReins, Sequoia Reinsurance, AST Risk, and ELMC RX Solutions.

Rockport is led by Managing Directors Amy Argeros and Heidi Herlihy, industry veterans with extensive experience in the medical stop loss arena. Both Argeros and Herlihy have contributed to the growth of other leading stop loss entities before turning their attention to building Rockport into a successful boutique firm.

Richard Fleder, President and CEO of ELMC, expressed his enthusiasm about having Rockport join the ELMC family; “We have watched Heidi and Amy build Rockport since its inception and have long believed that they would be a great fit for our company. Amy and Heidi bring strengths that complement ELMC’S vision and solidifies our position as a national leader in managing risk and delivering successful stop loss strategies.”

Both Argeros and Herlihy agree, “We are thrilled about joining forces with ELMC and can’t wait to get to work demonstrating the highly anticipated benefits to both our employees and our partners. The additional resources and talent will strengthen Rockport’s ability to deliver broadened stop loss solutions and expand our presence in the marketplace. We continue to be impressed with ELMC’S dedication to its clients and intensity about the business, traits that we believe make a difference and characterize our agency.”
Rockport will maintain their offices in Beverly, Massachusetts, just outside of Boston.

About ELMC
ELMC owns, manages and seeks to acquire premier MGUs across the nation that specialize in underwriting stop loss insurance for self-funded health plans as well as reinsurance for providers and managed care companies. ELMC Provides a best-in-class platform for delivering solutions to brokers, carriers and clients. Contact Mary Ann Carlisle at mcarlisle@elmcgroup.com and visit www.elmcgroup.com